VIPR Solutions, an InsurTech Corridor participant and provider of dedicated software solutions for the global program business insurance market, has scooped the award for Best Data/Analytics Implementation in the European Insurance Technology Awards.

The awards are established to acknowledge the premier technology and third-party providers collaborating with the worldwide insurance industry. They also showcase the efforts of businesses in advancing the goals and aspirations of the European insurance sector by enabling more efficient, transparent, and responsible operations.

VIPR was honored with the award for its cutting-edge solutions, VIPR Insights and Data Cloud.

VIPR Insights offers a swift and efficient approach to data analytics, providing a comprehensive overview of the performance of its clients’ delegated portfolios. VIPR Data Cloud facilitates secure sharing of data both within and outside an organization, eliminating the need for unreliable data transfer methods.

“We are honoured to receive the Best Data/Analytics Implementation Award. Our product ecosystem has proven time and time again how our innovative technology solutions are transforming the data management process for the program business sector,” said Founder and CEO of VIPR, Paul Templar.

“I’d like to thank our world-renowned clients for their continuous feedback loop that enable us to deliver best-in-class products.”

Rytas Stankunas of InsurTech Corridor said: “Huge congratulations to VIPR on winning this award. Paul Templar and his team share their pioneering approach with our other InsurTech Corridor participants and there’s huge scope for VIPR’s technology solutions in the North American market – with 40% of Lloyd’s managing agents in the UK already using a VIPR product to enhance their capabilities.”

VIPR works with insurers, reinsurers, brokers, MGAs and DCAs/TPAs to improve their data management and processing, focusing on analytical insights, specifically with the program business (where insurers outsource their underwriting to MGAs). It provides cloud-based technology for data ingestion, cleansing, validating, extraction, reporting, data warehouse repository and underwriting analytical capabilities.

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